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NTMA issues €500m of three-month bonds

Treasury bills sold at 0.24% with bid cover of 3.4

National Treasury Asset Management chief executive John Corrigan (right) at NTMA briefing at the Treasury Building in Dublin. At left is Rossa White and centre Oliver Whelan. Bryan O'Brien / THE IRISH TIMES

Caelainn Barr
Thu Mar 21 2013 - 12:32

The National Treasury Management Agency issued €500 million worth of three-month treasury bills this morning, with an annualised interest rate of 0.24 per cent.

Bid cover came in at 3.4 as the total amount of bids received came to €1.706 billion.

A previous three-month auction took place in February and had an average yield of 0.24 per cent and a bid cover of 3.3.

Bid cover ratios since Ireland’s return to treasury bill auctions last July has varied from 2.8 times to 4.1 times.

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